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lectur13-page34 - Young adults(age 20 to 24 are less...

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34 Effect of Min. Wage Increase It is estimated that a 10 percent increase in the minimum wage will reduce teenage employment by 1 to 3 percent.
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Unformatted text preview: Young adults (age 20 to 24) are less affected; a 10 percent increase in minimum wage results in unemployment of 1 percent or less....
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